Figma (NYSE:FIG) CFO Praveer Melwani Sells 40,000 Shares of Stock

Figma, Inc. (NYSE:FIG) CFO Praveer Melwani sold 40,000 shares of Figma stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $26.63, for a total value of $1,065,200.00. Following the completion of the transaction, the chief financial officer owned 1,674,544 shares of the company’s stock, valued at approximately $44,593,106.72. This represents a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Praveer Melwani also recently made the following trade(s):

• On Wednesday, July 29th, Praveer Melwani sold 381,288 shares of Figma stock. The stock was sold at an average price of $25.13, for a total value of $9,581,767.44.
• On Monday, July 6th, Praveer Melwani sold 30,460 shares of Figma stock. The stock was sold at an average price of $20.48, for a total value of $623,820.80.
• On Wednesday, June 3rd, Praveer Melwani sold 83,974 shares of Figma stock. The shares were sold at an average price of $22.77, for a total value of $1,912,087.98.

Figma Trading Down 14.9%

Shares of FIG opened at $23.94 on Friday. The firm has a market cap of $10.67 billion and a P/E ratio of -6.58. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $91.00. The stock’s 50 day moving average is $21.75 and its two-hundred day moving average is $22.76.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.30. Figma had a negative return on equity of 100.47% and a negative net margin of 123.15%.The business had revenue of $370.08 million during the quarter. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 48.2% compared to the same quarter last year. Equities research analysts forecast that Figma, Inc. will post -0.79 EPS for the current year.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, and adjusted earnings of $0.08 per share, exceeding analyst expectations. Customer growth and net dollar retention also remained strong. Figma second-quarter financial results
• Positive Sentiment: Management raised its full-year 2026 revenue forecast, with reported guidance of approximately $1.463 billion to $1.467 billion, while third-quarter revenue guidance of $373 million to $375 million exceeded consensus estimates. Demand for Figma’s design software and AI-enabled tools continues to support growth. Figma 2026 revenue outlook
• Neutral Sentiment: Figma’s CFO, CTO and chief revenue officer reported stock sales totaling roughly $7.3 million. The transactions were executed under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial position, reducing their significance as a direct signal about company fundamentals. Figma insider trading filings
• Negative Sentiment: Investors were concerned that AI monetization is requiring substantial investment. AI-related costs rose sharply, while gross margin contracted year over year to 85%. Management also expects revenue growth to decelerate in the third quarter and for the full year, raising questions about whether AI-driven growth will justify the company’s elevated valuation. Figma AI costs and margins
• Negative Sentiment: A Seeking Alpha analyst downgraded Figma to Sell, citing weakening business momentum, margin pressure and the possibility that artificial intelligence could disrupt parts of Figma’s core design software market. Figma rating downgrade

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FIG shares. Wells Fargo & Company reduced their price objective on shares of Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. JPMorgan Chase & Co. dropped their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research report on Friday, May 15th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. a16z Capital Management L.L.C. purchased a new position in Figma in the 3rd quarter valued at $842,687,000. Viking Global Investors LP purchased a new stake in shares of Figma during the fourth quarter worth $214,967,000. Durable Capital Partners LP purchased a new stake in shares of Figma during the third quarter worth $278,510,000. Thrive Capital Management LLC acquired a new stake in shares of Figma in the third quarter valued at about $228,034,000. Finally, Cosmic Management LLC acquired a new stake in shares of Figma in the fourth quarter valued at about $151,535,000.

Figma Company Profile

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.